VanWest Partners, a dedicated commercial real estate investment player, is expanding its Colorado-centric portfolio with a new self-storage construction project. This development will be located at 2425 S. Colorado Boulevard, Denver, marking an exciting new chapter in the company’s growth journey. Managed by the property arm of VanWest, ClearHome Self Storage, the project was recently…
The recent purchase of two self-storage facilities in Flushing and Woodside, Queens, by the prominent Long Island-based Blumenfeld Development Group emphasizes the utility of self-storage and the potential profits in this real estate sector. According to the records, Blumenfeld purchased these properties for a staggering sum of $122 million. The facilities are at 34-09 College…
Investing in self-storage projects, whether an acquisition, new construction, conversion, or expansion, is a significant decision that requires careful analysis. One of the vital steps in this decision-making journey is determining if the venture is financially feasible. With the many variables that need to be satisfied, this process can be overwhelming. An innovative solution to…
In a comprehensive Twitter thread, @AjOsborne1, a seasoned expert in the self-storage industry, shared invaluable advice for prospective investors planning to buy self-storage deals in 2024. This guide is a must-read for anyone navigating the complexities of self-storage investments. 1. Location, Location, Location: The cardinal rule in real estate applies here too. A prime location…
The Art and Wit of Post-it Progress: Navigating Commercial Real Estate with Google Keep The not-so-secret diary of a real estate specialist, or how one organizes oneself in the thrilling world of commercial properties. This array of insights comes to us from John Highman, a commercial real estate coach, and trainer, in form of a…
The self-storage industry is experiencing a period of significant transformation. With rising competition and evolving customer expectations, self-storage facilities increasingly seek ways to differentiate themselves from the pack. One key area where facilities can excel is customer service. In today’s world, exceptional customer service is no longer a luxury; it’s a necessity. Customers have more…
Understanding Your Self-Storage Customer Acquisition Cost Maximizing profitability in the competitive self-storage landscape hinges on efficient marketing and sales strategies. A key metric that helps gauge this effectiveness is Customer Acquisition Cost (CAC). Understanding CAC and how to calculate it empowers self-storage operators to optimize their marketing spend, attract customers strategically, and, ultimately, drive sustainable…
Running a self-storage facility can be a rewarding experience, but let’s face it, it’s not always sunshine and rainbows. Between juggling marketing, accounting, tenant relations, security, and ever-changing regulations, it can feel like you’re wearing a dozen hats at once. That’s where self-storage management companies swoop in, like real-life superheroes for your facility. Forget the…
In just a short six-month period, cutting-edge RV storage facility CP Rentals has been transformed from an architectural blueprint to a fully functioning service powerhouse in the heart of Abilene, Texas. The original blog post discussing these developments was penned here by an unnamed author for Toy Storage Nation. CP Rentals’ owner, Bill Guilliam, is…
On December 15, Canadian self-storage conglomerate Vaultra Storage will commence its charitable “Sleigh the Clutter” campaign in Hamilton, Ontario. This initiative invites community members to donate household essentials and furniture that will be collected and made available at their Sherman Ave. location. In a remarkable collaboration, the donated items from the campaign will support Habitat…
